Uncertainty is as thick as ever for diving what awaits in the year ahead, but there’s still a growing consensus building that the Federal Reserve will soon start cutting interest rates. Although some analysts caution that the odds for dovish policy changes aren’t as high as some forecasts suggest, the crowd is nonetheless convinced that the Fed funds target rate is on track to ease in the months ahead.
Daily Archives: January 4, 2024
Macro Briefing: 4 January 2024
* Iran explosion adds to Middle East tensions
* Fed officials expect rate cuts in 2024: Fed minutes for December, but…
* Fed officials also said rates could remain high ‘for some time’
* US manufacturing slowed in December, ending ‘Lousy’ Year: ISM Mfg Index
* China services sector growth picks up in December
* Atlanta Fed’s nowcast model estimates US growth at moderate 2.5% for Q4
* US job openings continued easing in November:
